The aussie (FXA) is off 0.7% as the RBA raises its view on the economy and the inflation rate,...

The aussie (FXA) is off 0.7% as the RBA raises its view on the economy and the inflation rate, but says the strong currency could be doing more damage than its economic models predicted. The bank notes with puzzlement the aussie's recent rise despite the deteriorating global economic outlook and declines in key commodity prices.